Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — Shareholder Meeting (April 2021)
27 slides from Oversea-chinese Banking's shareholder meeting presentation, Apr 29, 2021
Slide 1: 84th Annual General Meeting
84th ANNUAL GENERAL MEETING 29 April 2021 Disclaimer: This presentation should be read as an overview of OCBC’s current business activities and operating environment which may contain statements relating to OCBC’s growth strategy and future business aspirations. These statements involve risks and un
Slide 2: Agenda
Agenda 1 Macroeconomic Environment 2 Navigating Covid-19 3 2020 Financial Performance 4 Positioning for the Future 2
Slide 3: Severe Contraction in Global Output and Trade in 2020
Severe Contraction in Global Output and Trade in 2020 GDP 2020 Global -3.3% ❑ Economic activities across the world (except US -3.4% China) contracted sharply in 2020 from the China 2.3% widespread and severe disruption to social and Euro Area -6.6% economic life Global Trade -8.5% ❑ The magnitude of
Slide 4: Strong but Uneven Rebound in Growth in 2021
Strong but Uneven Rebound in Growth in 2021 ❑ Signs have emerged to indicate a strong recovery in global output and trade. GDP 2020 2021 2022 This will be led by a sharp revival of Global -3.3% 6.0% 4.4% economic activities in US and China US -3.4% 6.4% 6.0% ❑ In the US, growth will be lifted by Chi
Slide 5: Buoyant Financial Markets, Flushed with Liquidity
Buoyant Financial Markets, Flushed with Liquidity Macro- ❑ Due to the huge injection of liquidity by Federal economic Reserve, Bank of Japan and European Central Bank Central Bank Policy RatesEnvironment 6.5 6 Indonesia ❑ And interest rates brought down to zero or negative 5.5 5 4.5 Malaysia ❑ The e
Slide 6: Risks Remain
Risks Remain ❑ Risks to sustainable recovery remain relatively high with emergence of new variants and slow roll-out of vaccination in many countries ❑ Some countries now experiencing painful second wave of infections ❑ Return to “normal” would take time – longer rather than sooner ❑ Operating envir
Slide 7: Agenda
Agenda 1 Macroeconomic Environment 2 Navigating Covid-19 3 2020 Financial Performance 4 Positioning for the Future 7
Slide 8: Decisive Actions Taken to Support Our Stakeholders
Decisive Actions Taken to Support Our Stakeholders ❑ Strong culture of collaboration across the Group; responded swiftly to help our colleagues, customers and the community ❑ Leveraged on technology investments; rolled out digital enablers for seamless customer experience ❑ Resilient business fundam
Slide 9: Safeguarding the Wellbeing of Our Colleagues
Safeguarding the Wellbeing of Our Colleagues ❑ Enhanced protection and support ▪ Facilitated smooth transition to work from home ▪ Covid-19 Care Package ▪ Vaccination Support Programme ❑ Realising full potential of employees ▪ S$20m to equip staff with digital skills ▪ More than 6,000 virtual traini
Slide 10: Supporting Our Customers through the Crisis
Supporting Our Customers through the Crisis ❑ Extend support and financial assistance to all customers ▪ Offer moratorium relief across the region ▪ Help businesses achieve business continuity ▪ Support vulnerable segments ❑ Accelerate digital adoption to fulfill financial needs ▪ More than 200,000
Slide 11: Loan Relief Programmes
Loan Relief Programmes Exit from loan relief programmes well-coordinated and managed Group S$26.7b S$5.7b 10% of Group loan; 88% secured 2% of Group loan; 91% secured HK & Macau 1.9 Indonesia 1.9 Malaysia 13.8 0.5 1.1 1.4 Singapore 9.0 2.7 Jul 2020 Jan 2021 11
Slide 12: Enhancing Digital Experience for Consumers
Enhancing Digital Experience for Consumers Advancing pace of digital innovation Helping customers achieve their financial goals Launched first-to-market solutions 2020 vs 2019 ❑ Financial OneView: Augmenting INSTANT CHEQUE financial and retirement planning using ENCASHMENT 1.6X more Consumer account
Slide 13: Enhancing Digital Experience for Corporates
Enhancing Digital Experience for Corporates Leading the way with innovative first-to-market solutions in 2020 for businesses Launched first-to-market solutions 2020 vs 2019 SINGPASS MOBILE BUSINESS FINANCIAL LOGIN FOR SMEs MANAGEMENT 1.6X more SME accounts 1st bank to use 1st bank to offer SMEs a Si
Slide 14: Standing by Our Community
Standing by Our Community ❑ Created more than 3,500 new job opportunities in Singapore amid Covid-19 ❑ S$2.9m donations to support nearly 225,000 beneficiaries ❑ More than 38,000 hours of volunteer work contributed by about 13,000 staff volunteers ❑ First Singapore bank to roll out a health & wellne
Slide 15: Agenda
Agenda 1 Macroeconomic Environment 2 Navigating Covid-19 3 2020 Financial Performance 4 Positioning for the Future 15
Slide 16: 2020 Financial Performance
2020 Financial Performance Net profit declined, reflecting economic impact of Covid-19 YoY S$ million FY20 FY19 +/(-)% Net interest income 5,966 6,331 (6) Non-interest income 4,173 4,540 (8) Total income 10,139 10,871 (7) Operating expenses (4,439) (4,644) (4) Operating profit 5,700 6,227 (8) Associ
Slide 17: OCBC's Franchise Well-Anchored on 3 Business Pillars
OCBC’s Franchise Well-Anchored on 3 Business Pillars Banking Wealth Management Insurance Operating Profit before Allowances Group Wealth Management Income Embedded Value (S$b) (S$b) (S$b) 3.4 3.4 17.4 5.7 15.5 2.8 5.4 13.4 5.1 2018 2019 2020 Bank of Singapore’s AUM (US$b) 117 121 102 2018 2019 2020
Slide 18: Well-Diversified across Business & Geography
Well-Diversified across Business & Geography Operating Profit by Business Operating Profit by Geography Insurance Others Global Singapore Treasury and 17% Others 6% Markets Greater 3% 16% China 5% 18% 4% 11% Global 23% 19% Consumer / Private 56% 46% 25% 25% 6% Banking 42% FY19 14% FY19 8% Indonesia
Slide 19: Resilient and Strong Business Fundamentals
Resilient and Strong Business Fundamentals Accelerated Proactive Diversified Digital Risk Management Franchise Transformation Culture Strong Disciplined Deep Balance Sheet and Cost Management Talent Pool Capital Position 19
Slide 20: Agenda
Agenda 1 Macroeconomic Environment 2 Navigating Covid-19 3 2020 Financial Performance 4 Positioning for the Future 20
Slide 21: Sharpening Our Corporate Strategy to Create Sustainable Value
Sharpening Our Corporate Strategy to Create Sustainable Value As a leading Asian financial services group with a broad geographical footprint in North and Southeast Asia, OCBC continues t o build a resilient and diversified business that generates sustainable long-term value for shareholders, custom
Slide 22: Positioning for the Future
Positioning for the Future ❑ Capitalise on ASEAN-Greater China flows ❑ Expand wealth management franchise ❑ Accelerate digitalisation ❑ Build a leading regional sustainable bank 22
Slide 23: Capture Regional Flows
Capture Regional Flows ❑ Seize opportunities arising from deglobalisation, supply chain shifts, China Plus One, RCEP and China Wealth Connect Greater China ❑ Leverage on global network strength to deepen Hong Kong SAR regional presence Macau SAR Taiwan Myanmar ❑ Deepen presence in ASEAN market, incl
Slide 24: Grow Leading Wealth Management Franchise
Grow Leading Wealth Management Franchise ❑ Digitalise wealth franchise ❑ Drive Private Banking growth ❑ Expand Regional Premier and Wealth Management business ❑ Deepen collaboration and synergies across banking, insurance, asset management and brokerage 24
Slide 25: Accelerate Digitalisation
Accelerate Digitalisation ❑ Deliver next generation value proposition and customer experience ❑ Expand digital ecosystem, channels and offerings ❑ Continuously upgrade core technology architecture ❑ Invest in future-ready workforce 25
Slide 26: Build a More Sustainable Future
Build a More Sustainable Future ❑ Expand sustainable financing portfolio ❑ Drive positive impact through sustainable investing ❑ Reduce Group’s environmental footprint ❑ Strengthen policies and reporting framework ❑ Embed sustainable culture 26
Slide 27: Thank you for supporting OCBC
Best Managed Bank during Covid-19 (The Asian Banker Leadership Achievement Awards) Best Retail Bank Singapore (The Digital Banker) ASEAN SME Bank of the Year (Asian Banking & Finance) Best SME Bank in Southeast Asia (Alpha Southeast Asia) Best SME Bank in Singapore (Alpha Southeast Asia) Best SME Ba
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